01:14 PM EDT, 03/12/2026 (MT Newswires) -- Health care stocks declined Thursday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each falling 1.3%.

The iShares Biotechnology ETF (IBB) dropped 2.2%.

In corporate news, Eli Lilly's ( LLY ) Japanese subsidiary is expected to invest 20 billion yen ($126 million) at its factory in Kobe to bolster capacity for the company's existing drugs and support production of new diabetes and obesity medicines, Nikkei Asia said Thursday. Lilly shares were down 2.2%.